420 Toronto Street

Newcastle, Clarington · MLS® E12039488

7 sq ft · 7 sq ft lot · Land · Vacant Land · 578 days on market

listed by Jim Abernethy, Royal Service Real Estate Inc.

realtor's description

6.8-acres of vacant M1-Industrial land with 880 feet frontage/exposure to Highway 401. Seller initiated "severance" in progress to create two (2) M1-Industrial zoned lots (approx. 3.4 acres each). Located immediately west of Hwy 401 Interchange #440 at Mill Street/Newcastle. Legal Description: PT LT 30 CON 1 CLARKE PTS 2, 3 & 4, 10R2937; CLARINGTON. PIN 266610056. Examples of permitted uses within M1-Industrial zoned lands: building supply or home improvement outlet; business or professional office; eating establishment; equipment sales & rental light; a factory outlet; commercial or technical school; a warehouse for the storage of goods & materials; motor vehicle repair garage; a transport service establishment. See attached Schedule for complete list of M1-Industrial permitted uses.

property details

type: Land, Vacant Land
living area: 7 sq ft
lot: 7 sq ft
parking: 0
property tax: $10,873 / yr
days on market: 578
MLS®: E12039488

monthly cost

$17,462/mo

Mortgage $16,556 · Tax $906

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$16,556/ monthly

loan $3,040,000

25-year amortization

down payment20% · $760,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $1,926,871
cash to close: $760,000; down payment; transfer tax and fees not included
total paid: $4,966,871

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.